Congress recently reauthorized the African Growth and Opportunity Act (AGOA), a trade preference program for eligible sub-Saharan African (SSA) countries. AGOA is an important trade tool that the U.S. uses to spur economic development and to ensure our trade presence in a rapidly developing region.
As support slowly builds for a regulatory budget in the House and Senate, it’s important to take note of the possible benefits of a proper cost accounting for the regulatory state. A high-end scenario, for a true one-in-one-out budget, could save the nation $98.7 billion in annual regulatory burdens.
August shook up the international oil and gas industry in a unexpected and unpleasing way leaving many people questioning “what’s next?” Brent, the international benchmark for global crude oil, ended at $45.10 a barrel on Friday August 21st, the lowest since March 2009.
Which one of these is not like the other: Hillary Clinton, Bernie Sanders, Elizabeth Warren, Donald Trump? Trick question! They’re all the same. At least when it comes to one part of their tax policy – the carried interest tax. Not too surprisingly, Clinton, Sanders, and, Trump, have all come out swinging against the affluent in each of their presidential campaigns. More specifically, they have all bashed hedge fund managers and other financial partnerships for receiving what they call an “unfair” tax break.
Despite a proposal from the Department of Transportation to cut $81 million in costs, regulatory burdens still escalated this week. Annual burdens were $245 million, compared to $829 million in benefits; paperwork grew more than 2.5 million hours. EPA’s methane emissions standards for landfills led the week. The per capita regulatory burden for 2015 is $424.
Maybe you missed it in the hoopla surrounding Medicare’s 50th Anniversary, but last month the Medicaid program also turned 50. Medicaid—intended as a safety net to ensure low-income and disabled individuals would have access to health care—is in some ways the forgotten child of Lyndon Johnson’s Great Society.
According to the Substance Abuse and Mental Health Services Administration (SAMHSA), 43.8 million adults suffer from a mental illness which represents nearly 20 percent of the U.S. population
Progressives claim that employees are working harder and producing more, but their wages are not going up. The evidence for this is the claim that since the 1970s growth in labor productivity has vastly outpaced growth in real compensation.
The Department of Defense (DOD) provides health care for 9.5 million military service members, retirees, and family members through military treatment facilities (MTFs) and a self-funded, self-administered insurance program called TRICARE. The mission of the military health care system is to maintain the health of military personnel, and their families, so that they are capable of carrying out their missions, and to ensure that military medical personnel are prepared to deliver all necessary health care services to any service member injured in battle.
Today, a major party leader released a policy plan for an economic renewal in rural America. Within the plan are proposals for increasing capital to rural businesses, lowering energy costs, and strengthening the Renewable Fuel Standard. All may sound great, but the devil is in the details. Most are simply plans that we have already seen suggested and fail.